Blockchain Press Releases
JanOne Appoints Vay Tham as its Chief Revenue Officer and President of its Fintech Subsidiary, ALT5 Sigma
LAS VEGAS, June 26, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, is pleased to announce that it has appointed Mr. Vay Tham as its Chief Revenue Officer and President of ALT5 Sigma, Inc., its wholly-owned subsidiary. Mr. Tham brings extensive experience in capital markets, particularly in technology sectors, spanning over 25 years. His career includes roles in research, investment banking, and finance, notably and most recently as Managing Director and Head of Technology Investment Banking at PI Financial Corp. (Ventum Financial).
Vay Tham’s expertise will be pivotal in leading ALT5 Sigma’s go-to-market strategy to educate customers on how to enhance their digital financial ecosystem. He has a background in Electrical Engineering, graduating from the University of Waterloo in 1999, and has previously founded, grown, and successfully sold his own fund, managing over $300 million in assets at the time.
In this role, Vay will lead ALT5 Sigma’s go-to-market strategy, with a focus on expanding the market share of ALT5’s leading digital financial ecosystem. Vay Tham, who most recently served as PI Financial Corp.’s (Ventum Financial), Managing Director, Head of Technology Investment Banking, has over 25 years’ experience in capital markets. Vay’s career has spanned research, investment banking, and finance roles. In addition, Mr. Tham previously founded, grew, and sold his own fund, which had over $300 million of assets under management. Vay has predominantly focused on technology companies throughout his career.
“Bringing on Vay Tham, a veteran of the financial markets and a technologist at heart, will help drive revenue growth as he focuses on aiding customers in digitizing their legacy financial ecosystems,” said Tony Issac, CEO of JanOne. He added, “As our new Chief Revenue Officer, the first in our Company’s history, Vay’s expertise will be invaluable as we educate our end-users on the breadth of the ALT5 portfolio. Together, with the ALT5 team, we are confident Vay will help us reach new heights.”
Mr. Tham commented, “I am delighted to join JanOne and ALT5. In my 25-year career, I have advised and worked with dozens of corporate entities that would benefit from ALT5’s product suite. I look forward to forging new partnerships and building on an already impressive customer base on the ALT5 platform and introducing ALT5 to new opportunities.”
In addition, the Company today announced that, as an inducement grant, on June 25, 2024, our Board of Directors and our Compensation Committee granted Mr. Tham 400,000 restricted stock units (the “RSUs”). The RSUs will vest over two years, subject to certain “Change of Control” accelerators as defined in JanOne’s 2023 Plan. Although granted as inducement awards outside of JanOne’s 2023 Plan, the RSUs are subject to the terms of that Plan. The RSUs are intended to be inducement awards under Rule 5635(c)(4) of the Nasdaq Stock Market Listing Rules and were granted outside of JanOne’s 2023 Plan.
About ALT5 Sigma Inc.
Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The Company processed over US$1.2 billion in cryptocurrency transactions in 2023.
ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency (s) automatically or to receive their payment in digital assets.
ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.
About JanOne
JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index, starting June 28, 2024. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.
JanOne’s ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.
Please visit www.janone.com for additional information.
Forward Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential”, and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5’s platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from ALT5’s services, and technology challenges for future growth or expansion. Such statements reflect JanOne’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political, and social uncertainties and contingencies.
Many factors could cause JanOne’s actual results, performance, or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in JanOne’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Media Contact Investor Relations
[email protected]
1-800-400-2247
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Blockchain Press Releases
Bybit Expresses Deep Gratitude as Crypto Industry Unites Against Security Threats
DUBAI, UAE, Feb. 22, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, extends its heartfelt thanks to the global crypto community for the overwhelming support received in the wake of a recent security incident. This unprecedented show of solidarity has not only reinforced Bybit’s resilience but has also laid the foundation for stronger industry-wide measures to counter and prevent future hacking incidents. From institutional liquidity providers to leading blockchain security firms, the swift and coordinated response has exemplified the strength of the Web3 community.
A United Front Against Threats
As soon as the incident was detected, Bybit’s security team took immediate action—locking down systems, securing funds, and collaborating with top cybersecurity experts. The exchange received overwhelming support from key players across the industry, all working together to track, contain, and mitigate the impact of the exploit.
Ben Zhou, Co-Founder and CEO of Bybit, expressed his gratitude:
“It’s been a challenging period for Bybit, but one thing is clear—our partners have our backs. The support from Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, Bitvavocom, Tether and many others has been nothing short of incredible. Your trust, quick action, and solidarity mean everything. We’re moving forward, stronger and more determined than ever. Thank you for standing with us.”
Industry Leaders Take Immediate Action
Several major players in both DeFi and CeFi swiftly mobilized to prevent further movement of stolen funds and uphold market stability:
- Orbiter, deBridge, SynFutures, MYX, Thruster and Owlto blacklisted exploit-related addresses, preventing unauthorized transfers.
- Chainalysis rapidly tracked and published the exploiter’s wallet addresses, enabling a coordinated industry-wide response.
- SIS cross-chain bridge stepped up to block associated addresses, restricting the attacker’s ability to launder assets.
- Zero Shadows activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts.
- Institutional clients, including TMSI, Bayside trading, Mathrix, Wintermute, Cumberland, GSR Markets, maintained their trading positions, reinforcing stability amid uncertainty.
“Their trust in us, despite the circumstances, speaks volumes about the maturity and resilience of this industry,” Ben added. “It shows a defining moment that proves crypto’s strongest players stand together when it matters most.”
A Community That Stands Together
Bybit also acknowledged the unwavering support from its VIP clients, traders, and broader user base. Messages of encouragement and patience from the community have been instrumental as the exchange works around the clock to enhance security measures and safeguard funds.
“While this has been a difficult moment, it is also a powerful reminder of why we are here—to build an open, resilient, and decentralized financial future,” Ben said. “The real work has just started, and with this level of unity in this space, we know we’ll come back even stronger.”
Bybit remains committed to transparency and will continue to provide updates as it implements additional security enhancements. The exchange is working closely with industry leaders to set new standards for crisis management, ensuring the safety and trust of its users while strengthening the broader industry’s defenses against future threats.
#Bybit / #TheCryptoArk
//ENDS
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press.
For updates, please follow: Bybit’s Communities and Social Media
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Blockchain Press Releases
DEX Platform DeriW Officially Debuts at the ‘Connecting Legends’ Event in Hong Kong
HONG KONG, Feb. 22, 2025 /PRNewswire/ — DeriW, powered by CoinW, celebrated the official product launch of its cutting-edge gas-free, decentralized perpetual exchange. The CoinW-hosted event took place at the prestigious The Henderson-Cloud 39 rooftop ballroom in Central Hong Kong during the ‘Connecting Legends’ after-party.
This landmark event brought together 400 leading figures from the cryptocurrency sector. It included crypto leaders, innovative projects, key opinion leaders (KOLs), and affiliates.
Interactive Fun and Airdrop Rewards
The evening began with an engaging short video showcasing DeriW as the pinnacle of trading platforms developed by the seasoned experts at CoinW.
Julia, Head of Marketing at DeriW, captivated the audience by outlining the core advantages of DeriW. She presented its vast opportunities available to traders and affiliates. There was also a sneak peek provided into the eagerly anticipated testnet launch.
Another highlight of the evening was a unique interactive event, designed to engage participants and give them a firsthand experience of DeriW’s user-centric platform.
Attendees had the opportunity to participate in various activities, and winners were rewarded with $USDT airdrops, which will be distributed following the platform’s mainnet launch.
Designed for the Future
DeriW sets itself apart by combining the robust security measures of traditional finance with the innovative flexibility of decentralized networks. At its core, DeriW utilizes state-of-the-art Layer 3 technology on Arbitrum Orbit.
This allows it to process up to 80,000 transactions per second without incurring gas fees.
Its technical prowess promises to deliver an unparalleled trading experience that is both cost-effective and exceptionally fast, catering to the needs of both novice and professional traders.
The launch was not only a celebration but also a forward-looking gathering that set the stage for the upcoming testnet phase of DeriW.
This phase is crucial as it allows users to evaluate the platform’s functionalities and provide necessary feedback.
It ensured that DeriW meets community standards and expectations before its full official rollout.
DeriW Ecosystem: A World of Opportunities
Following the Product Launch, DeriW invites Projects and Affiliates to take advantage of opportunities within the DeriW Ecosystem.
Affiliates can benefit from high commission rates of up to 50% and trading rebates for bringing in new traders, while Projects can make use of ample liquidity, token listing opportunities and extensive support for a successful product launch.
Stay Connected
DeriW is committed to transparency and community engagement.
Its official product launch is just the beginning of what promises to be a revolutionary journey in the world of cryptocurrency trading.
For those interested in DeriW’s latest developments and participating in its testnet:
- Follow them on Twitter: @deriwfi
- Visit their official website: www.deriw.com
- Join DeriW Community: https://t.me/deriwfinance
- Discord: https://discord.com/invite/deriwfinance
Join DeriW on this exciting journey to transform the digital finance landscape, one transaction at a time.
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Blockchain Press Releases
AB Set to Launch on BingX Exchange, Further Expanding Global Trading Channels
SINGAPORE, Feb. 22, 2025 /PRNewswire/ — AB DAO has officially announced that the AB token will soon be listed on BingX Exchange, with an official announcement to follow upon listing. This move will further expand global trading channels, enhance liquidity, and accelerate the worldwide growth of the AB ecosystem. This milestone will provide users with a seamless and secure trading experience while driving broader adoption of AB in the Web3 space.
As a leading global cryptocurrency exchange, BingX offers a secure and efficient trading environment for users worldwide. The listing of AB on BingX will enable more users to trade, invest, and actively participate in the AB ecosystem.
This listing is an important step in AB DAO’s global expansion strategy, with AB tokens set to be integrated into more major exchanges in the near future, expanding its use cases and accelerating ecosystem growth.
Additionally, investors can also trade $AB on HTX (htx.com), MEXC (mexc.com), and 4E (eeee.com). Furthermore, BitMart (bitmart.com) is also set to list the AB trading pair soon, providing even more trading opportunities for global investors.
Stay Updated on AB DAO
- Official Website: https://ab.org
- Telegram Community: https://t.me/Newtonproject
- Telegram Channel: https://t.me/AB202528
- X (Twitter): https://x.com/ABDAO_Global
- Discord: https://discord.gg/BSbgK6J
- Medium: https://medium.com/@AB.org
View original content:https://www.prnewswire.co.uk/news-releases/ab-set-to-launch-on-bingx-exchange-further-expanding-global-trading-channels-302382794.html
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